Unfortunately that's true, people just doesn't care.
There are literally tons of stablecoin out there from delta neutral hedging to real t-bill backed, but people hardly trying to use them and most of them only got sub billion market cap.
On the other hand the USDT still the most used for trading pair.
Even if there's 100x better option out there people won't even give a damn
.
There are literally tons of stablecoin out there from delta neutral hedging to real t-bill backed, but people hardly trying to use them and most of them only got sub billion market cap.
On the other hand the USDT still the most used for trading pair.
Even if there's 100x better option out there people won't even give a damn
.USDT had the first mover advantage and it just works out of the box. Just as the saying goes:
Quote
If something isn't broken, don't fix it.
We had plenty people criticize tether multiple times over the years and even the "algorithmic stablecoins" were said to be more transparent and better than tether have since collapsed. Frankly, I stopped caring about tether audits because I know for a fact that no matter how good a person/company/product/service is good, there would always be people that have bad things to say about it.